BITTREX:XLMUSD   Lumen / US Dollar (calculated by TradingView)
Good day traders,

I'm no expert and I usually don't forecast patterns, but this time I will.
XLM recently broke out of the downtrend, started an uptrend and quickly dipped back.
If it can regain momentum and reenter its uptrend $1 wouldn't be impossible.
If it doesn't manage to, it could finish the head and shoulders (see chart).
XLM currently sits on an extremely steep support line, if its broken and dips head would be completed.
Left shoulder is already formed and head reached the peak.

Anyway, I hope it'll manage to break back up, if it doesn't, ill be sure to short.

Remember, this isn't financial advice, please do make your own research first before deciding what to do.


Comment: Crucial Moment Guys!

XLM trying to get back into its Uptrend. I have obviously drawn my H&S too low.
If it breaches I think it'll go further up.
If not the head would complete itself, I guess.
Comment: Contrary to my prediction, XLM held strong on its support. Getting to the end of the triangle.
My prediction will be completely invalidated if it jumps back to the uptrend.
I still won't exclude the possibility of it dropping and ending the H&S.
And I don't even look for H&S. Thanks
Kayainvestor longmoney
@longmoney, happy somebody agrees :)
I have also sold my position on Lumens
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out